VP Regulatory Risk - Principal Auditor

  • Base salary, bonus and excellent benefits.
  • New York City, NY, USA
  • Festanstellung, Vollzeit
  • The Forum Group
  • 16 Nov 17 2017-11-16

The Regulatory Risk Audit lead is responsible for the developing to the highest industry standards a risk-based and global audit plan in the US, covering: • Basel 3 and CCAR audit non-financial risk requirements • Related Operational Risk and Enterprise Risk areas • Reputational Risk management Within the US, the Regulatory Risk Audit lead is responsible for execution of the horizontal reviews on these topics as well as for tracking of sufficiency of coverage in business-aligned reviews as per the designed global coverage model.

Key Responsibilities
Risk Identification and Assessment:
• Support the US Risk and ORM Principal Audit Managers in providing subject matter expertise to identify and assess operational risks throughout the Bank, providing quarterly analysis to GA management and the product-aligned teams to inform them on evolution of key operational risk developments
• In addition, you will be conducting periodic reviews of adequate reflection of these risks in the Business aligned Risk Assessment Profiles. This requires strong ongoing business monitoring with key ORM and business teams as well as keeping abreast of pertinent industry, regulatory and business practices including through industry networks
• Conduct periodic reviews of adequate reflection of these risks in the business aligned risk assessment profiles
Audit Coverage Design:
• Support the US Risk NFRM Principal Audit Manager in designing the coverage approach for Basel 3, CCAR and Reputational Risk for the US including clarity of minimum testing required in business led reviews. Strong coordination with Business aligned teams as well as regional Risk, CCAR & Financial reporting PAMs is required to drive a comprehensive coverage of key risk in the audit plan
• Also responsible for recommending plan adjustments based on identification of emerging risks through ongoing risk monitoring
Audit Plan Execution:
• Deliver Risk led reviews as well as contribution in business-aligned reviews for area of responsibility as per the coverage model
Relationship Management:
• Acting as GA’s relationship manager and primary point of contact for areas of responsibility, maintaining excellent and responsive working relationships with management, wider Group Audit team, regulators and external auditors
You Will Have:
• Previous relevant experience of investment banking, in either a financial institution or a professional practice environment, with a strong expertise in Basel 3 and CCAR regulations as well as experience on Risk Management within the second or third line of defense
• Strong understanding of risk management frameworks for the regulatory/operational risks in a global banking control environment with a sound knowledge of banking activities, including capital planning, risk management techniques and regulatory requirements
• Strong understanding of regulatory/operational risk issues in a global Banking control environment
• Excellent analytical and communication skills, oral and written English, together with advanced presentation and interactive skills
• Direct experience as an auditor or understand the audit processes from prior roles in a control function
• Professional credentials including degree-level education and a relevant Risk or Accounting professional qualification
You Will Be:
• Able to build strong relationships, successfully navigating a complex and multi-national organization, and working collaboratively with management teams and with other control functions
• Able to convey complex concepts and ideas on issues requiring interpretation and opinion
• Strongly self-motivated
• Cost awareness to drive efficient management of resources to support audit plan delivery
• Effective in operating in a diverse team, appraising and developing own and team member’s abilities and potential
• Independent in judgment and with unquestionable personal integrity and ethic
• Able to challenge and be challenged whilst maintaining the highest levels of professionalism